Daily Silver Technical Update and Forecast(5 January 2014)

Silver Daily Technical Analysis and Outlook:

Prices have moved in the mentioned range of 20.49-19.12 for the entire December month. 31st of the month was highly volatile and we had an unexpected move to the downside.For any trend to develop we need to break this range on good volumes. Now being at the top end of the range we  are expecting a move down to atleast to the lower end of the range.

Happy Trading..

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